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Tag: EGAS
BP

BP starts drilling gas exploration well in North El Tabia offshore block

Posted: March 10, 2020 at 9:45 pm   /   Oil & Gas

BP begins drilling exploratory gas well in North El Tabia: BP began drilling yesterday its Atoll Nooros exploratory gas well in its North El Tabia block in the Mediterranean, Al Shorouk reported, citing an EGAS source. The company will complete drilling in four months and reveal results in 2H2020. BP had signed an agreement with […]

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Damietta

Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt

Posted: February 29, 2020 at 1:10 pm   /   Oil & Gas

Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]

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Gaston

Gaston debuts truck-to-tank gas transfer in Egypt with EGP 150m investment

Posted: February 19, 2020 at 4:02 pm   /   Oil & Gas

Gaston for Compressed Natural Gas, a subsidiary of Saad El Din Group, began implementing the first phase of a government plan to transfer natural gas across the country using tankers instead of pipelines, which would give remote areas not on the national pipeline network access to gas, with EGP 150m investment. Mohamed Saad El Din, […]

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ElBurg

Egypt modifies gas price of El-Burg offshore concession to $5.88/MMBtu

Posted: February 10, 2020 at 3:53 pm   /   Oil & Gas

Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu. The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a maximum price […]

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West Med

Egypt to directly award West Mediterranean O&G exploration rights

Posted: January 20, 2020 at 4:08 pm   /   Oil & Gas

Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]

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Shell

Shell submits proposal to sell natural gas to the Egyptian local market

Posted: January 8, 2020 at 1:10 pm   /   Oil & Gas

Shell Egypt wants to sell natgas to the local market: Shell Egypt has submitted a request to the Gas Regulatory Authority to allow it to sell gas to customers in the local market using the national grid, Shell Egypt Deputy Country Chair Moataz Darwish told Al Mal. The process could take years to complete and […]

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Idku

Egypt triples natural gas exports from Idku LNG plant to 1 bcf/d

Posted: November 12, 2019 at 11:35 am   /   Oil & Gas

Natural gas exports from the Idku liquefaction plant have more than tripled to 1 billion cubic feet/day (bcf/d), up from 300 million cubic feet/day last month, an EGAS source tells the local press. The higher exports came after oversupply issues over the previous three months lessened and international prices stabilized. Exports were slashed by 80% […]

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LNG-Plant-Idku

Egypt exported 172 bcf of gas via 45 cargoes from Idku in FY 2018-2019

Posted: October 22, 2019 at 3:40 pm   /   Oil & Gas

Egypt exported 172.8 bcf of natural gas in FY 2018-2019 via 45 cargos from Idku. Egypt exported 45 cargos of natural gas carrying a total of 172.8 bcf from the Idku liquefaction plant in FY2018-2019, according to the Egyptian Natural Gas Holding Company (EGAS). Egypt had hoped that returning Idku to full capacity would see […]

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West Med

EGAS upcoming Bid Round will include 11 Blocks in Egypt’s West Mediterranean

Posted: October 20, 2019 at 5:05 pm   /   Oil & Gas

The EGAS upcoming Bid Round will include 11 Blocks in Egypt’s Western Mediterranean. Dr. Samir Rasslan, EGAS vice Chairman for Agreements & Explorations announced on the last day of MOC, that the Egyptian Natural Gas Holding Company (EGAS) will invite Petroleum Exploration Companies for 2020 International Bid Round to explore/exploit for Gas and Crude Oil […]

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Shell

Production at Shell’s Rashid, Burullus fields rises to 290 mmcf/d in September

Posted: October 9, 2019 at 1:10 pm   /   Oil & Gas

Royal Dutch Shell’s natural gas output from the Rashid and West Nile Delta Burullus fields increased to 290 mmcf/d in September from 220 mmcf/d the previous month, an EGAS source told the local press. The company recently linked 80 mmcf/d from a newly-developed well to the natural gas grid, offsetting the field’s natural depreciation. Shell […]

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